Bill Summaries: H620 (2013-2014 Session)

Tracking:
  • Bill H 620 (2013-2014)
    Summary date: Apr 9 2013 - View summary

    Amends GS 44A-4 regarding enforcement of a lien by sale when the property upon which the lien is claimed is a motor vehicle that is required to be registered. Requires that the lienor send notice by certified mail, return receipt requested, that informs the recipientthat the property may be sold under this section without a judicial hearing if the notice via certified mail is returned as undeliverable or if the person having legal title to the vehicle cannot be reasonably ascertained.

    Permits the lienor tosell the vehicle without a hearing or judicial action if the certified mail notice has been returned as undeliverable or if the name of the person holding legal title to the vehicle cannot be ascertained. Deletes the requirement that the fair market value of the vehicle be less than $800 and deletes requirement for a special proceeding. Directs that any excess proceeds of the sale be paid immediately to the Treasurer for disposition under GS Chapter 116B and that the lienor notify the Division of Motor Vehicles of the sale. Requires the Division to transfer the title accordingly upon receipt of the notice of sale.

    Effective October 1, 2013, and applies to liens created on or after that date.
    Business and Commerce, Transportation
    GS 44A

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